M1 Countertrend Scalping Strategy

Pre setup....

In the meantime,this was the reason why I took the trade actually ,and look the gold ,still rise ,this is just my opinion and how I see it,i am watching m1 charts for sooo long time for reverse ,and got good feeling really when this kind of setup happens....I Wrap my head around it a lot...Not advise how to trade, just this somehow works for me,let's see more...

charli85,
I understand your theory but when the market started to go down off the MA Line then that was your trigger, try and add the zigzagm Indicator as it will define the HH and LL plus the Pip Counter to the right of the candles to help you see the market movement.
cpfleger

charli86,
My version of your system.
cpfleger

Very nice, thanks a lot Cpfleger!

Pre setup using charli86 System...

Trade engaged...

Booooooooooommm Baby.

More Gold please...

charli86,
It works my man.
cpfleger

Cpfleger,
I think this kind of setups are also a bit subjective ,because I am really really selective from last week with setups,that's only me trying to pin point entry...I am watching a lot what also price was doing before, zooming out and checking levels ,watching, waiting a lot, and at the end got that feeling is the price will continue in that direction and close more gaps,emas etc.I think Best setups are with this kind of price action, maybe also algo switching on/off

Also,still not on that level to recognise all of price intention, but coming there

charli86,
we each have to find the trigger point and then maintain this trading consistency.
I love the 6 LWMA as it allows me to enter and exit with ease on any Instrument.
cpfleger

cpfleger,6 LWMA looks great indeed ,this was my prediction from last Friday ,as I said it was too late for me...

one push to rule them all

closed 8pips,but seems algo switched on

more-less same thing, but to much aggressive,too early and to much confident ,closed all and I need better setup and to make a brake a bit

charli86,
While your taking a break, the Pip Counter Indicator (bottom right) needs correcting as your showing long and short, see settings.
Also the 6 MA should be a 6 LWMA, Closed and Shifted 2 to hug the candles.
cpfleger

Hello. Are the settings any different from the version that you posted on the 27th?

cossee,
The TRO Notes preset file was changed as I defined in the previous screenprints, so download the set file, upload into preset folder, add the last Template, turn off MT4 to allow re-configuration of files, turn MT4 back on and add template to a Pair...
cpfleger